Israel: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Israel

The Israeli aromatic hydrocarbon mixtures market surged to $X in 2022, rising by 20% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Aromatic hydrocarbon mixtures consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Israel

In value terms, aromatic hydrocarbon mixtures production expanded significantly to $X in 2022 estimated in export price. In general, production showed modest growth. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from Israel

In 2022, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures decreased by -0.6% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 9,304%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 6,178% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), Turkey (X tons) and the UK (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Israel, together accounting for 48% of total exports. The United States, Germany, India and South Africa lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +96.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbon mixtures exported from Israel were Italy ($X), Turkey ($X) and the UK ($X), together accounting for 46% of total exports. The United States, Germany, India and South Africa lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, South Africa, with a CAGR of +116.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, picking up by 42% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 60%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and India ($X per ton), while the average price for exports to South Africa ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Israel

In 2022, imports of naphthalene and other aromatic hydrocarbon mixtures into Israel fell sharply to X tons, which is down by -98.5% compared with the year before. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 85,587% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports dropped notably to $X in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2013 when imports increased by 90,528%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Israel, accounting for a 86% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.4% per year) and Switzerland (-21.3% per year).

In value terms, France ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Israel, comprising 86% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from France totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-18.9% per year) and Switzerland (-21.2% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, growing by 55% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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